Tide Becomes Unicorn Backed by TPG, Powered by India
Powered by India’s small businesses, UK fintech Tide becomes a TPG-backed unicorn valued at $1.5B.
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Tide Becomes Unicorn Backed by TPG, Powered by India
Powered by India’s small businesses, UK fintech Tide becomes a TPG-backed unicorn UK fintech Tide has officially joined the unicorn club , raising $120 million in fresh funding led by TPG. Powered by India’s small businesses, UK fintech Tide becomes a TPG-backed unicorn valued at $1.5 billion — a milestone fueled by rapid growth in its largest market: India. Image Credits:Tide TPG leads Tide’s $120M funding round The $120 million round, a mix of primary and secondary capital, saw participation from TPG’s The Rise Fund and existing investor Apax Digital Funds. While Tide did not disclose the split, part of the round included employee and angel investor share sales. With this funding, Tide’s valuation climbs to $1.5 billion, cementing its position among Europe’s fastest-growing fintechs with a mission-driven investor base. India drives Tide’s unicorn status Globally, Tide now serves over 1.6 million small enterprises , with more than half of them based in India. Since launching in the country in…
